A daily momentum rule: go long GLD only when GLD’s short-, mid-, and long-term moving-average signals all show GLD is trending up; otherwise move to SHV (short Treasuries) for safety.

- Every day, check GLD’s price momentum using moving averages. - First check: is the short-term momentum (24-day average) higher than the intermediate momentum (60-day average)? - If yes, check whether the intermediate momentum (60-day average) is higher than a longer-term momentum (150-day average). - If yes, check whether the long-term momentum (200-day average) is higher than an even longer term (350-day average). - If all three checks are true, the strategy holds GLD (gold). - If any check fails, the strategy shifts to SHV (short Treasury bonds), a cash-like safety asset. - Rebalance happens daily, so the allocation can switch quickly between GLD and SHV. - GLD = SPDR Gold Shares. SHV = iShares Short Treasury Bond ETF.

Out-of-sample: ~33% annualized return vs ~22.5% for S&P, Sharpe ~1.96 vs ~1.41, max drawdown ~10% vs ~19%, Calmar ~3.21, and beta near zero. A momentum rule that benefits from gold uptrends while limiting downside.